Nextera Energy Acquires Oncor

Nextera energy is paying so much for oncor electric delivery co.

Nextera energy acquires oncor.

A sale that was key to ending the bankruptcy of oncor parent energy future holdings corp was rejected. 1 restrictions on nextera energy s ability to appoint remove and replace members of the oncor and oncor holdings boards of directors. And 2 the ability of texas transmission investment shareholders to. In a filing with the securities exchange commission on monday nextera said it received notice on july 6 from energy future holdings corp bankrupt parent company of oncor electric delivery co.

We are incredibly impressed by oncor s management team and its employees and we are committed to retaining the oncor name its dallas headquarters and. Nextera energy inc s proposed 18 4 billion acquisition of oncor electric delivery co. Texas regulators on thursday rejected nextera energy s 18 billion bid to acquire oncor electric citing concerns about the independence of the utility s board and the possibility of. That s one criticism of the proposed 18 7 billion acquisition of dallas.

Yet the commission explained nextera energy sought in the merger to eliminate two of the most important provisions of this ring fence. That there may not be much upside for the rest of us.